KraneShares Launches AI-Powered China A-Share ETF (KCAI)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2024
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Source: Globenewswire
Launch of New ETF: KraneShares has launched the KraneShares China Alpha Index ETF (KCAI) on the New York Stock Exchange, which aims to outperform the CSI 300 Index using a systematic machine learning approach developed by Quant Insight.
Investment Strategy and Market Potential: The KCAI ETF targets China's A-Share market, leveraging AI technology to exploit market inefficiencies and volatility, with the belief that it can provide consistent alpha for global investors.
Analyst Views on KCAI
Wall Street analysts forecast KCAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KCAI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.459
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Current: 30.459
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
